An offering circular requires less disclosure compared to a registration statement.

Question

Quizplus · Accepted Answer

This is true. An offering circular is a disclosure document used in certain securities offerings and is regulated under Regulation A of the Securities Act. It requires less extensive disclosure compared to a registration statement, which is used in a full public offering of securities and is regulated under either the Securities Act's registration process or the Securities Exchange Act's periodic reporting requirements.

An Offering Circular Requires Less Disclosure Compared to a Registration